Shiba Inu Wazir X Attack: A recent cyber-attack on popular Indian cryptocurrency exchange, WazirX, resulted in the loss of over $230 million worth of digital assets.
WazirX, a popular Indian crypto exchange suffered a major security breach resulting in the theft of $230 million in digital assets.
LookOnChain, a well-known on-chain tracker on X (formerly Twitter) reported that A recent cyber attack on popular Indian cryptocurrency exchange, WazirX, has heavily affected digital assets including Shiba Inu, PEPE, Ethereum, MATIC, GALA, and USDT.
$SHIB is a major Dogmeme coin popular amongst investors.
According to the official WazirX sources, digital assets amounting to millions of dollars, along with a huge amount of Shiba Inu ($SHIB) tokens were stolen in the security breach.
What Happened to SHIB Tokens in Shiba Inu Wazir X Attack?
Hackers made Shiba Inu their primary target and 5.43 trillion SHIB tokens were stolen. The cost of stolen $SHIB is approximately $102 Million.
LookOnChain says that Hackers have sent stolen money to 0x04b2, an unknown address. LukeOnChain further noted that after the first hack assets, and stolen goods including 640.27 Billion PEPE tokens worth $7.6 million were also sent to this anonymous address.
WazirX: Response and Recovery
Shiba Inu Wazir X Attack: WazirX responded to the Shiba Inu community on July 18 in an X post citing they had been cyber-attacked and suffered a loss of $230 million in digital assets. They were currently trying to get back the stolen money. WazirX also stated that it was a sudden incident not expected by them. They were currently trying to get the money back. They would be giving more information to investors in the future about the recovery of funds in the security breach.
Shiba Inu’s Message to Investors: Don’t Panic
Shiba Inu’s marketing head Lucy and developer, Kaal Dhairya requested investors to remain calm despite the loss in the recent cyber attack. Lucy said that Shiba Inu is different from other cryptocurrencies and were more than capable to handle this theft. Lucy also hoped that all $SHIB holders would get back their lost money from the hack.
Shiba Inu Wazir X Attack: The team also said that places, where people buy and sell cryptocurrencies, need better security so these incidents do not happen again.
Shiba Inu Wazir X Attack: Conclusion
Hackers stole a lot of money. Which includes Shiba Inu, but not to worry cause this phenomenon has happened several times before and still SHIB emerged victorious. Many investors are fearful. The people who created Shiba Inu are asking people to stay calm and trust the Shiba Inu directives. Investors are demanding more security on platforms where people buy and sell cryptocurrencies.
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